Dan FriedkinImago
**[Everton](/club/everton-fc) have accumulated debt that will play a role in the Friedkin Group's planned sale of the club.**
TFG recently announced that they are searching for a group to buy the Toffees, despite only acquiring the club in 2024.
The Houston-based company bought 94.1 per cent of Farhad Moshiri's shares, and had to pay off debt that they inherited.
Many Evertonians believe their club is in a better place than it was before Dan Friedkin and Co. arrived in Merseyside, but the prospect of new owners is already welcomed by fans.
Michael Dell's US family are reportedly interested in buying the Blues after being involved in a previous move in 2024, while Amanda Staveley's consortium has also been linked.
TFG will only sell once they find an appropriate buyer, which is even more important when considering the amount of debt that Everton have.
[The Esk](https://theesk.org/2026/10/25/the-analysis-series-everton-fc-what-the-friedkin-group-paid-what-has-been-invested-since-and-what-recent-premier-league-deals-say-about-the-price/) has revealed his latest analytical financial report on Everton, which includes several important figures ahead of a proposed sale.
TFG have put in £401.3million worth of new cash since buying £400m of their shares in the club from Moshiri.
The headline price tag of their sale is said to be around £800m, but The Esk has revealed that TFG may not make much of a material gain due to the club's debt.
It's said that TFG will only make a material gain if a buyer assumes that Everton's debt is £468m.
That's because it's understood that the debt is near £600m, which makes it hard to see how the club's equity is worth more than £250m.
The Esk has said that even though Everton's price is near £800m, it will factor in the debt, which will make it more of a task for TFG to sell up.
Overall, this could affect how many shares potential buyers are willing to purchase, what financing may be needed for the deal and any other additional funding that will be required after making a move.
With TFG commanding a mega face value for the sale of Everton, the reasons will need to be justified.
Hill Dickinson is arguably their biggest pull, as the stadium's potential could allow the Friedkins to demand a higher face value in comparison to the underlying equity figures.
It's estimated that the ground on the banks of the River Mersey currently rakes in around £35m to £40m of revenue per year.
While it doesn't cancel out the debt, Everton's stadium will play a major role in enticing any potential buyers.